In this edition of Traders' Diary, the Zee Business research team provides exclusive research and investment ideas on 20 stocks to track for January 3, 2025. Analysts Pooja Tripathi and Kushal Gupta share their top stock picks, including Avati Feeds, PB Fintech, Bajaj Finance, Lupin, Bank of Baroda, JK Cement, Amber Enterprises, and V2 Retail. With targets and stop losses for each stock, this diary is a must-read for investors and traders.
Bajaj Finance: A Rising Star in the Indian Financial Sector
Background
Bajaj Finance is a non-banking financial company (NBFC) that offers a wide range of financial services including personal loans, loans, and business lending. It was founded in 1998 by Rahul Bajaj and is headquartered in Mumbai, India. The company has a strong presence in India and has expanded its operations into several other countries, including Sri Lanka and Southeast Asia.
Google Search Trends
The recent increase in Google searches related to Bajaj Finance is likely due to the company's strong financial performance and its potential for growth in the future. The company has been consistently reporting strong earnings and has a diversified portfolio of products and services. Additionally, the government's focus on financial inclusion and the growing demand for credit in India are expected to drive the growth of the NBFC sector in the future.
Top Stock Picks for January 2025
According to the Zee Business research team, Bajaj Finance is one of the top 20 stocks to track for January 2025. The team's analysts, Pooja Tripathi and Kushal Gupta, have set a target price of Rs. 950 for the stock with a stop loss of Rs. 845.
FAQs
Bajaj Finance's key growth drivers include its diversified portfolio of products and services, its strong brand recognition in India, and the growing demand for financial services in the country.
The risks associated with investing in Bajaj Finance include the cyclicality of the financial services sector, competition from other NBFCs, and changes in government regulations.
Bajaj Finance has consistently reported strong financial performance in recent years. In the financial year 2022-23, the company reported a net profit of Rs. 34,106 crore, a growth of 26% over the previous year.
Bajaj Finance has a consistent dividend payment history. The company has been paying dividends to its shareholders for over 20 years.
Bajaj Finance is planning to expand its operations into new markets in India and abroad. The company is also looking to introduce new products and services to meet the evolving needs of its customers.
OMC, a state-owned mining company, is leading the charge in promoting ethical practices and transparency among its employees. As part of the Vigilance Awareness Week, OMC's top officials, including the managing director, administered an integrity pledge to employees at their head office. Employees across OMC's regional offices and mines also participated in the pledge, reaffirming their commitment to honesty and accountability. To mark the occasion, a walkathon was held to raise awareness about the fight against corruption.
Bengaluru's Chief Minister Siddaramaiah recently honored Munawar Zama, CEO and Founder of English House Academy Pvt Ltd., with the prestigious 'Pride of India Award' for his exceptional work in motivating and empowering young people. Zama, who began his career as a pharmacist, has made a significant impact through his Residential Personality Development Workshops and mentoring initiatives, reaching over 3.5 lakh individuals. During the award ceremony, the Chief Minister and other influential leaders praised Zama for instilling values and inspiring purpose among today's youth.
Assam Chief Minister Himanta Biswa Sarma has announced plans to take action against Karnataka IT Minister Priyank Kharge for claiming that the state lacks talent for major industries like a semiconductor unit. Sarma also criticized the Congress party for not speaking against Kharge's statement. Sarma said that a possible case against Kharge for insulting the youth of Assam is being considered by the state government.
A recent social media post declaring that the father's or husband's name will no longer appear on Aadhaar cards has sparked confusion among Indian citizens. However, this claim was proven to be false after investigations showed that no such change has been made by UIDAI. Officials have clarified that while the "Care of" field is now optional, people are still free to include their spouse's or parent's name on the card. This incident highlights the need for fact-checking and research before sharing information on social media.
Power Finance Corporation Ltd. (PFC), a Maharatna CPSE under the Ministry of Power, is observing Vigilance Awareness Week 2025 to reaffirm its commitment to integrity, transparency, and accountability. The week-long observance includes activities such as workshops, slogan writing competitions, and quizzes to raise awareness and encourage employee participation in promoting a culture of vigilance. PFC's dedication to maintaining a transparent and responsible work environment aligned with the theme "Vigilance – Our Shared Responsibility" highlights its focus on promoting ethical conduct and good governance.
As part of Vigilance Awareness Week, the Vijayawada Division of South Central Railway reaffirmed its commitment to integrity and ethical governance through a series of activities. The program included an Integrity Pledge, a vigilance awareness walkathon, and a street play by the Bharat Scouts and Guides. Divisional railway manager Mohit Sonakiya emphasized the importance of transparency and individual responsibility in building a corruption-free society.
According to a report by The Washington Post, the Modi government has allegedly facilitated a plan for state-owned Life Insurance Corporation of India (LIC) to invest around $3.9 billion in companies owned by industrialist Gautam Adani. The move comes at a time when Adani's businesses are facing mounting debt and scrutiny from international banks. Despite acknowledging the risks, government officials pushed for the investment as a means of showing confidence in Adani and promoting economic growth in India.
The India Maritime Week 2025 event, to be held in October, will bring together over one lakh delegates and 500 exhibitors from around the world to explore investment, innovation, and policy advancement in India's maritime sector. With 24 expected MoUs worth Rs 3,000 crore to be signed, the event aims to reinforce India's position as a key player in the global maritime ecosystem. The chairman of Mormugao Port Authority also highlighted upcoming developments in the sector, including hosting container vessels and expanding solar power production.
The Life Insurance Corporation of India (LIC) has strongly refuted a report by The Washington Post claiming that its investment decisions were influenced by external factors and linked to the Adani Group. LIC clarified that all its investment decisions are taken independently in line with board-approved policies, and there has been no plan or document prepared to infuse funds into Adani companies. The state-owned insurer also denied any involvement of government bodies in its investment decisions, stating that it follows strict due diligence and acts in the best interest of stakeholders. This statement comes after LIC came under scrutiny for its exposure to the Adani Group in the past.
In a critical move, top officials in India's finance ministry pushed for state-owned Life Insurance Corporation of India to invest billions of dollars in the Adani Group, a controversial conglomerate headed by billionaire Gautam Adani. The proposal was made despite some officials being aware of potential risks and criticisms surrounding the group, including a recent indictment by US prosecutors for bribery allegations. Many have criticized the move as it involves the usage of middle-class savings and guaranteed returns for the benefit of a private company.